Show simple item record

dc.contributor.authorFUKAGAWA, Yukiko
dc.date.accessioned2021-05-12T07:11:54Z
dc.date.available2021-05-12T07:11:54Z
dc.date.issued2021
dc.identifier.issn1830-1541
dc.identifier.urihttps://hdl.handle.net/1814/71195
dc.description.abstractEconomic integration in Asia has been led by market forces, precisely by the competition to better participate in Global Value Chains (GVCs). Institutionalisation efforts bore fruit at two very large and pluri-lateral FTAs recently, the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership Agreement (RCEP). However, the driver of GVCs has faced serious challenges such as the U.S.-China trade war, COVID-19 disruption, and unregulated digitalisation. These three challenges complicate the pressures for GVCs interactively, introducing uncertainties for the future of integration. COVID-19 has created anxieties for free trade through the politicisation of supplies, and the U.S.-China rivalry has further accelerated GVC disruptions. As this conflict shifts from a trade war into a technology war it is making the regulation of data more difficult. While both the U.S. return to the TPP and India’s joining the RCEP do not look imminently probable, China continues to take the economic lead through the Belt and Road Initiative (BRI), especially seeking integration with Africa and Europe. The final goal of regional integration has been considered as Asia-Pacific traditionally, but depending on the responses by the U.S., India, and China-EU relations, Indo-Pacific or even Eurasia framework have emerged. Japan has welcomed the U.K.’s decision to join TPP as unleashing the potential of the pact as a middle power group beyond the region, thereby encouraging other participants to secure positions in GVCs via rule-based trade. Expanded TPP may share major interests with EU, such as rule-based trade, WTO reform, digital rules and movement of natural persons.en
dc.format.mimetypeapplication/pdfen
dc.language.isoenen
dc.publisherEuropean University Instituteen
dc.relation.ispartofseriesEUI RSC PPen
dc.relation.ispartofseries2021/05en
dc.relation.ispartofseriesGlobal Governance Programme, EU-Asia Projecten
dc.relation.ispartofseries[Europe in the World]en
dc.relation.ispartofseries[European foreign policy]en
dc.relation.ispartofseries[European security and defence policy]en
dc.relation.ispartofseries[International relations]en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subjectEconomic integrationen
dc.subjectGlobal Value Chains (GVCs)en
dc.subjectTrans-Pacific Partnership (TPP)en
dc.subjectRegional Comprehensive Economic Partnership Agreement (RCEP)en
dc.subjectCOVID-19en
dc.titleIntegration in Asia following mega-FTAs : Asia-Pacific, Indo-Pacific, or Eurasia?en
dc.typeOtheren
dc.rights.licenseAttribution 4.0 International*


Files associated with this item

Icon
Icon

This item appears in the following Collection(s)

Show simple item record

Attribution 4.0 International
Except where otherwise noted, this item's license is described as Attribution 4.0 International